IBT Staff Reporter

102121-102150 (out of 154954)

Toyota faces criminal probe, Japan government eyes impact

Toyota Motor Corp's woes deepened ahead of its testimony to Congress as it revealed it faces a U.S. criminal probe into the handling of its massive safety recalls, while Japan voiced concern over the economic impact of the automakers' problems.

Obama proposes $950 billion health bill

President Barack Obama made a last-ditch bid to revive his stalled healthcare overhaul on Monday with a plan to make insurance more affordable and to bolster government authority to regulate premium hikes.

Scandals weaken liberal group ACORN

The liberal grass-roots group ACORN is reeling after scandals that have hurt its fund-raising ability and prompted its big New York and California chapters to quit and set up fresh organizations.

Obama heralds credit card rules

The Obama administration heralded new rules protecting U.S. credit card holders from certain fees and rate increases on Monday, even as Connecticut's Attorney General criticized the Federal Reserve for not using the rules to reverse earlier card rate hikes.

Financial watchdog's power crucial: Obama aide

An Obama administration spokesman on Monday stressed the importance of independent authority for a proposed U.S. financial consumer watchdog and said where it was housed was another issue.

Military services release weapons wish lists

Space programs, aircraft and ship maintenance, and helicopter upgrades are among $1.8 billion in priority weapons programs that were not funded in the Pentagon's fiscal 2011 budget, the military services told Congress in documents released Monday.

The next acts in the Toyota safety crisis

Toyota Motor Corp, struggling with a fast-moving crisis that has tarnished its reputation for quality, is set to face U.S. lawmakers this week seeking answers about the cause of the largest carmaker's safety woes and how it handled evidence of the problems.

How to decline Facebook friends without offence

A colleague I just met at work has invited me to be their friend on Facebook. I don't want to offend them, but nor do I want to share my candid photos and lousy Scrabble scores with someone I hardly know.

Tengzhong may buy Hummer via offshore vehicle

China's Tengzhong could use an offshore vehicle to buy General Motors' Hummer brand if it fails to win Chinese regulatory approval for the ambitious but controversial plan that has met with cooling government appetite.

Handset market rebounding in 2010: report

The cellphone market will rebound more strongly strongly than expected this year as improving economies boost spending on new gadgets and handset vendors push cheap smartphones, research firm Gartner said on Tuesday.

Buffett-backed BYD in major auto export push

China's BYD Co Ltd , backed by U.S. billionaire Warren Buffett, aims to sharply boost its car exports this year, banking on improving demand as the global economy recovers, an executive said on Tuesday.

Stocks up, dollar eases; Bernanke awaited

World stocks hit three-week highs while the dollar eased on Tuesday as markets anticipated a dovish tone from U.S. Federal Reserve Chairman Ben Bernanke after the central bank raised its discount rate last week.

Heineken sees difficult 2010 after in-line 2009

Heineken NV , the world's third-largest brewer, forecast lower beer consumption in many regions, limited price increases and few cost benefits this year after reporting 2009 results broadly in line with expectations.

KKR, TPG nearing Morgan Stanley CICC deal: sources

Morgan Stanley is in late stage talks to sell its stake in China International Capital Corp to Kohlberg Kravis Roberts & Co and TPG Capital for more than $1 billion, according to three sources familiar with the situation.

Asia shares revive but await Bernanke rate clues

Most Asian stock markets recouped early losses on Tuesday while the dollar was trapped in a tight range as investors waited for Federal Reserve Chairman Ben Bernanke to shed light on how soon key U.S. interest rates may start to rise.

Asian shares head down, await Bernanke view

Asian shares turned lower on Tuesday and the dollar was trapped in a tight range as investors waited for Federal Reserve Chairman Ben Bernanke to shed light on how soon key interest rates may start to rise.

Wal-Mart buys Vudu in move into Web movies

Wal-Mart Stores Inc will buy the fledgling Vudu online movie on-demand service, in a deal expected to close within weeks and pit the world's largest retailer against the likes of Netflix Inc.

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